Svantesson on inflation: I'm not worried

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Svantesson on inflation: I'm not worried
Photo: Christine Olsson/TT

Finance Minister Elisabeth Svantesson (M) downplays the risks of the unexpectedly high inflation measured for October by Statistics Sweden (SCB). "I am not worried," she tells TT.

"Of course, we are following the development closely and looking at each outcome. But I don't think there should be much concern about an outcome being slightly higher than expected," Elisabeth Svantesson told TT in connection with a question time in the Riksdag.

CPIF inflation in October rose to 3.1 percent, according to preliminary figures from Statistics Sweden. Analysts had expected 2.9 percent.

"We live in very special times and it may happen that inflation will rise again. But we don't see that this particular outcome is any sign of that," says Svantesson.

In the budget for the 2026 election year, the government has investments of 80 billion, including halving food VAT and other measures to stimulate households' purchasing power and break the prolonged Swedish recession.

Svantesson does not see inflation in October as a reason to start thinking about slowing down fiscal stimulus in next year's budget.

She believes inflation is falling back and reminds us that "fundamentally and fundamentally" it is the Riksbank's job to use the policy rate to reach its inflation target - which is 2 percent in CPIF inflation.

I see no reason whatsoever right now for any measures from the fiscal policy side.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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